Decorative Paints – Overview

  • Revenue up 3 percent, mainly due to favorable currency effects, offset by lower volume
  • Operating income up 194 percent, due to the new operating model, lower restructuring expenses and cost containment
  • ROS increased to 5.6 percent (2014: 2.0 percent); ROI increased to 9.8 percent (2014: 5.9 percent on a comparable basis)
  • New operating model in place and working well

Revenue increased 3 percent compared with 2014, due to a 7 percent favorable currency effect, offset by an adverse volume and price/mix impact. Volumes for the first quarter were up in Latin America, although down in Europe and Asia due to a slow start to the season. Operating income improved due to the benefits of our new operating model, lower restructuring costs, strict cost containment and favorable currency developments.

Revenue development Q1 2015

Decorative Paints – Revenue development Q1 2015 (bar chart)Decorative Paints – Revenue development Q1 2015 (bar chart)